Emmons v. LeMaster, Inc.

Green J.:

Cheryl M. Emmons and LeMaster, Inc., through its president, Charles A. LeMaster, entered into a written agreement giving LeMaster an exclusive option to purchase Emmons’ airplane if she defaulted on repayment of a loan from LeMaster. The trial court originally found that this transaction was not a secured transaction governed by K.S.A. 84-9-201 el seq. The Court of Appeals disagreed, determining that the agreement between the. parties was a security agreement and satisfied the requirement of *941a writing. The Court of Appeals remanded for a new trial on the issue of whether the parties…